Current Account in Thailand
Thailand - Current Account (billions of U.S. Dollars)Following a strong first quarter in which the economy grew at a multi-year high pace, second quarter data is also providing some good news, as domestic demand appeared firm in Q2 on the back of household spending. Growth in private consumption was elevated in April–May, while retail sales grew at a near double-digit pace in April. Private consumption is likely being buttressed by wage growth and improving consumer confidence, which reached its highest level in five years in June. Furthermore, manufacturing output expanded at a solid pace in April and May. On the downside, the PMI moderated in June on the back of a fall in new domestic and export orders, suggesting that growth momentum in the manufacturing sector eased in the same month.
Thailand - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-4.9||15.2||32.1||48.2||48.1|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account (USD bn) Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.62||0.0 %||Jul 17|
|Exchange Rate||33.22||0.17 %||Jul 17|
|Stock Market||1,626||-1.41 %||Jul 17|
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June 29, 2018
In annual terms, manufacturing output grew 3.2% in May, up from the prior month’s revised 3.1% year-on-year growth rate (previously reported: +4.0% year-on-year).
June 25, 2018
Thailand’s external sector rebounded from the USD 1.3 billion trade deficit registered in April to a USD 1.2 billion surplus in May, chiefly due to weaker import growth.
June 20, 2018
At its 20 June meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) voted 5 to 1 to maintain the one-day repurchase rate at 1.50%, where it has been for over three years.
June 1, 2018
Consumer prices decreased 0.09% over the previous month in June, contrasting the 0.56% increase recorded in May.
May 31, 2018
Manufacturing growth accelerated from a revised 3.2% year-on-year in March (previously reported: +2.6% year-on-year) to 4.0% yoy in April.